{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-24-000127","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.418636+00:00","generated_at":"2026-06-03T08:03:00.409516+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BayFirst Q1 net income falls to $0.8M ($0.11 EPS); provision jumps to $4.1M on higher charge-offs","bullets":["Net income of $0.8M ($0.11 diluted EPS) vs $1.7M ($0.32 EPS) in Q4 2023; YoY net income up from $0.7M.","Provision for credit losses surged to $4.1M from $2.7M QoQ; net charge-offs $3.7M (annualized 1.71%).","Loans held for investment rose $19.1M QoQ to $934.9M; deposits grew $22.2M QoQ to $1.01B.","Quarterly dividend of $0.08/sh declared, payable June 15 to record June 1.","FlashCap small SBA program discontinued; core SBA 7(a) production missed expectations by 50%."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-24-000127","json":"https://secwatch.observer/filing/0001649739-24-000127.json","markdown":"https://secwatch.observer/filing/0001649739-24-000127.md","text":"https://secwatch.observer/filing/0001649739-24-000127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973924000127/0001649739-24-000127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973924000127/bafn-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:03:00.409516+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"665ffe3b1e20689699aef093c1ed5e149ae1b2ec","claim":"BayFirst Financial Corp. reported first quarter of 2024 results: net income net income of $0.8 million, or $0.11 per diluted common share, EPS $0.11 per diluted common share.","evidence_excerpt":"BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $0.8 million, or $0.11 per diluted common share, for the first quarter of 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649739/000164973924000127/0001649739-24-000127-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Net income","value":"net income of $0.8 million, or $0.11 per diluted common share"},{"label":"EPS","value":"$0.11 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}